Daily Stock Pick 2/23/17

Daily Stock Pick 2/23/17

CTD Holdings, Inc. (OTC Pink: CTDH)


Market Cap: $34,870,681

Outstanding Shares: 67,059,002

Float: 16,005,303

Recent News:

CTD Holdings Closes $2 Million Private Placement

ALACHUA, FL — (Marketwired) — 02/23/17 — CTD Holdings, Inc. (OTCQB: CTDH), a clinical stage biotechnology company that develops cyclodextrin-based products for the treatment of disease, today announced that it has closed a private placement of its securities with a group of accredited investors that included several directors of the Company and members of management. Investors in the private placement purchased 5,754,832 units at a price per unit of $0.35. Each unit consisted of one share of common stock and one seven-year warrant to purchase one share of common stock at an exercise price of $0.35.

“The proceeds of this transaction will support CTD’s Trappsol® Cyclo™ drug development program for the treatment of Niemann-Pick Type C (NPC), a rare genetic disease that causes neurologic, liver and lung dysfunction, and is ultimately fatal,” said N. Scott Fine, CTD Chairman and CEO.

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UPTICK Newswire LLC is not an investment advisor. Investors are strongly encouraged to do their own due diligence and review all company documents and press releases to ensure the company noted above fits their own investment qualifications.

Source: Uptick Newswire

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